Abstract

• lltctwDhtg trend of international trade and investment are primary economic activities
"""M'Ye as the engine of the world economic growth. We discover that the volume of goods
IIWIIedln Nigeria since 1950 has tremendously improved as a reflection of lower tariffs. An
lllctwDe In tariff by one country usually triggered retaliatory changes by trading partners
~«~ding to tariff wars with the attendant effect of less trade and employment inhibition. But
with Intense trade openness to the world, economic activities have witnessed a significant
transition. The geographical spread of the growth has generated controversial debate. The
paper Is a discourse of globalization, and the transitional economy. It also reviews the
definition of Globalization and examines the impact and effect of the transitional economy on
the regional growth with particular reference to Africa, using Niger Delta in Nigeria as a
case study. African countries, therefore, should rise to the challenges of globalization as the
new Asian Tiger